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France/US: Publicis, Omnicom merger sees no ‘major barrier’ – yet

 |  October 16, 2013

Despite lower-than-expected sales in the third quarter, advertising giant Publicis Groupe said Wednesday the company has seen no “major barrier” in its merger with US-based ad conglomerate Omnicom.

Competition authorities in more than 40 markets will need to sign off on the deal, which would combine the firms into the globe’s largest advertising agency.

Omnicom announced Tuesday regulators in South Africa and South Korea have cleared the deal; France-based Publicis said current talks with EU authorities are “going well.”

The companies said they still expect to close the deal in the first quarter of next year.

Full content: MarketWatch

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